Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Says investigation is complete, accounts classified as NPA

Can Fin Homes: Fake ITRs found in 37 accounts; no impact on operations

Here are the top headlines of the hour:

1. Dalal street sees a hint of recovery at the start of this week. All sectors including equity and money markets had opened up in red but are now seeing a rise. 
2. Currency markets are seeing some volatility as the rupee hits an all-time low of Rs. 77.4 against the US Dollar. The commodities market also sees a fall, as gold, nickel and aluminium see a drop in prices. 
3. The alleged fraud at Can Fin Homes Limited will be probed by the Reserve Bank of India (RBI). 37 accounts will be investigated in the case to check for faults.
4. It mega LIC IPO will close subscription today, as the IPO gets 100% subscription. It is seeing thrice the demand for the available shares.

#FinanceNews #TopHeadlines #DalalStreet
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Dalal Street Sees Slight Recovery; Indian Rupee At An All-Time low | Top Headlines | ET Now

Can Fin Homes (₹573.3): SELL

Motilal Oswal is bullish on Can Fin Homes recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 03, 2022.

Buy Can Fin Homes; target of Rs 750: Motilal Oswal

Sharekhan is bullish on Can Fin Homes has recommended buy rating on the stock with a target price of Rs 760 in its research report dated May 02, 2022.

Buy Can Fin Homes: target of Rs 760: Sharekhan

Malay Thakkar of GEPL Capital advises traders and investors to also continue holding NLC India for an upside towards Rs 97 followed by Rs 102

Trade Spotlight | What should investors do with Tata Chemicals, Can Fin Homes, Godrej Agrovet on Wednesday?

Prabhudas Lilladher is bullish on Can Fin Homes has recommended buy rating on the stock with a target price of Rs 800 in its research report dated May 03, 2022.

Buy Can Fin Homes; target of Rs 800: Prabhudas Lilladher

Broker’s call: Can Fin Homes (Buy)

Can Fin Homes Ltd., incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 8454.62 Crore) operating in NBFC sector.

Buy Can Fin Homes, target price Rs 662: ICICI Direct

CD Equisearch is bullish on Can Fin Homes recommended buy rating on the stock with a target price of Rs 754 in its research report dated March 24, 2022.

Buy Can Fin Homes; target of Rs 754: CD Equisearch

The board of Can Fin Homes has decided to meet on Tuesday, 29 March 2022, to consider the issuance of non-convertible redeemable debentures (NCDs) worth Rs 2,525 crore, on private placement basis, in one or more tranches.

Can Fin Homes to mull NCD issue of Rs 2,525 cr on March 29

Can Fin Homes Ltd. is a housing finance company. The Company offers housing loan to individuals; housing loan to builders/developers, and loan against property. 

Can Fin Homes Ltd

Can Fin Homes Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Can Fin Homes: Fake ITRs found in 37 accounts; no impact on operations

News Video

Dalal Street Sees Slight Recovery; Indian Rupee At An All-Time low | Top Headlines | ET Now

Can Fin Homes (₹573.3): SELL

Buy Can Fin Homes; target of Rs 750: Motilal Oswal

Buy Can Fin Homes: target of Rs 760: Sharekhan

Trade Spotlight | What should investors do with Tata Chemicals, Can Fin Homes, Godrej Agrovet on Wednesday?

Buy Can Fin Homes; target of Rs 800: Prabhudas Lilladher

Can Fin Homes Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Can Fin Homes: Fake ITRs found in 37 accounts; no impact on operations

News Video

Dalal Street Sees Slight Recovery; Indian Rupee At An All-Time low | Top Headlines | ET Now

Can Fin Homes (₹573.3): SELL

Buy Can Fin Homes; target of Rs 750: Motilal Oswal

Buy Can Fin Homes: target of Rs 760: Sharekhan

Trade Spotlight | What should investors do with Tata Chemicals, Can Fin Homes, Godrej Agrovet on Wednesday?

Buy Can Fin Homes; target of Rs 800: Prabhudas Lilladher

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock